Intellinetics, Inc. (NYSEAMERICAN:INLX) Stock Short Interest Report for October

Intellinetics, Inc. (NYSEAMERICAN:INLX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,130 shares, an increase of 122.6% from the September 30th total of 2,305 shares. Based on an average daily trading volume, of 29,378 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Intellinetics

A hedge fund recently bought a new position in Intellinetics stock. Bard Associates Inc. purchased a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 333,341 shares of the company’s stock, valued at approximately $1,833,000. Bard Associates Inc. owned about 7.42% of Intellinetics at the end of the most recent quarter. Institutional investors own 0.75% of the company’s stock.

Intellinetics Price Performance

Shares of INLX traded down $0.12 during mid-day trading on Friday, reaching $4.04. The stock had a trading volume of 16,120 shares, compared to its average volume of 30,927. Intellinetics has a 12 month low of $4.00 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.75. The firm has a market cap of $18.14 million, a price-to-earnings ratio of -6.31 and a beta of 0.15. The business has a fifty day moving average of $5.06 and a 200 day moving average of $6.40.

Intellinetics (NYSEAMERICAN:INLX) last posted its earnings results on Wednesday, August 12th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.17). The firm had revenue of $3.95 million for the quarter, compared to the consensus estimate of $4.87 million. Intellinetics had a negative net margin of 17.56% and a negative return on equity of 22.39%.

Intellinetics Company Profile

Intellinetics, Inc is a software and information-management company that provides cloud-based solutions for capturing, organizing, securing, and automating business documents and records. Its offerings are designed to help organizations replace paper-based processes with digital workflows and improve access to critical information.

The company’s products and services include document management, content management, document imaging, workflow automation, and records-management capabilities.